Housing and young people – why is this not a solution?

[Anonymous]

Anonymous wrote:This does not at all factor in student loans, which can be crippling. And many young people may not find jobs in their industries close to home.

Student loans don’t happen by accident. Despite what Biden advertises, people have agency over which schools they attend and how much they borrow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This does not at all factor in student loans, which can be crippling. And many young people may not find jobs in their industries close to home.

Student loans don’t happen by accident. Despite what Biden advertises, people have agency over which schools they attend and how much they borrow.

+1000

Nobody is entitled to whatever education they want. You need to select a college that is affordable for you. They do exist for everyone.

But don't take $150K in loans for any degree, but sure as hell not for some random degree where your avg salary is only $35K. If you are smart enough for college, you are smart enough to understand that is a dumb idea.

Work and earn $40K (10/year) to pay for college, then find a school that you can afford with minimal debt.

Or don't but then don't complain when your $150K becomes $240K because you cannot make even the minimum payments and interest keeps accruing. That is how loans work, don't take them if you don't understand that

[Anonymous]

Anonymous wrote:That's a failure to launch scenario. It's more important to launch than save money for a condo. A condo is a bad investment in most cases anyway. Bad advice all way around.

To you! Fixed that for ya! Different families operate different ways

[Anonymous]

It's not a solution because not all young people's parents live in DC or equivalent job markets. Good lord.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who earns 100k straight out of college with just a bachelor’s degree? That sounds like fantasyland. Even people with business degrees aren’t bringing that much in two years after graduation typically.

+1 people are disconnected from reality. It's a very, very small segment of jobs that pay this much.

I’m 55 and still don’t make that much. 😂

I’m 55 and literally just started making that much four months ago. Where are all these college grads making $100k working?

[Anonymous]

Anyone remember that article many years ago, I think the title was, "If I was a poor black kid...."

Similar to what comes to mind here.

[Anonymous]

I lived at home till 29. I grew up a 25 minute train ride to Manhattan. Did I save money?

Nope. But between 23 and 29 spent 100 weekend in the Hamptons and around 12 weeks of vacation time.

Went on 20 ski trips, went on 7 spring breaks. Went on around 400 dates, went out to bars and clubs, 1,000 times, has a Jeep wrangler, and a muscle car. Also went to Final Four twice, Olympics. Football Games, concerts.

I did not have apartment as would eat into my fin money. Plus I spend 70-100
nights sleeping elsewhere.

You see me LA, Miami, Aspen, Hamptons, NYC. If anything I wish I spent more.

Having a single person live home he will just spend more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Who earns 100k straight out of college with just a bachelor’s degree? That sounds like fantasyland. Even people with business degrees aren’t bringing that much in two years after graduation typically.

+1 people are disconnected from reality. It's a very, very small segment of jobs that pay this much.

I’m 55 and still don’t make that much. 😂

I’m 55 and literally just started making that much four months ago. Where are all these college grads making $100k working?

Data of two, my 24 years old niece is an economics major ( Masters) and just got hired by Capital One at 110k. Also, my nephew is a Civil Engineer, making 120k in Baltimore at age 26. I think it’s not all that uncommon in DMV.

[Anonymous]

Anonymous wrote:Your "solution" to the housing crisis is for all kids to attend college, graduate and immediately make $100k, live with their parents until they are 30, and save half a million dollars?

You're a genius, OP. A real policy savant. Where should we mail your Nobel Prize?

Care to tackle peace in the middle east next? I'm sure you can come up with a solution - perhaps set a specific date and time for everyone to drop their weapons and sing Kumbaya?

There is no "housing crisis" only an entitlement mentality crisis. People seem to believe that they have a right to live wherever they want regardless of whether they can afford it. The world does not owe you anything and this mentality does nothing to help someone afford a house. The people that complain about housing affordability are the same people that pass numerous policies that actively worsen what they are complaining about, retroactive building performance/energy efficiency standards, costly building code updates, bond initiates for "affordably housing (which make housing less affordable by increasing property taxes). I don't want to hear from these people anymore. The only objective of density bros and the "housing crisis" crazies is to force everyone else to live in high density micro apartments. They are all front groups for developers and the real estate lobby and these industries will gladly destroy communities as long as it maximizes their profits

[Anonymous]

Anonymous wrote:I lived at home till 29. I grew up a 25 minute train ride to Manhattan. Did I save money?

Nope. But between 23 and 29 spent 100 weekend in the Hamptons and around 12 weeks of vacation time.

Went on 20 ski trips, went on 7 spring breaks. Went on around 400 dates, went out to bars and clubs, 1,000 times, has a Jeep wrangler, and a muscle car. Also went to Final Four twice, Olympics. Football Games, concerts.

I did not have apartment as would eat into my fin money. Plus I spend 70-100
nights sleeping elsewhere.

You see me LA, Miami, Aspen, Hamptons, NYC. If anything I wish I spent more.

Having a single person live home he will just spend more.

That's because you screwed up and didn't save.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I lived at home till 29. I grew up a 25 minute train ride to Manhattan. Did I save money?

Nope. But between 23 and 29 spent 100 weekend in the Hamptons and around 12 weeks of vacation time.

Went on 20 ski trips, went on 7 spring breaks. Went on around 400 dates, went out to bars and clubs, 1,000 times, has a Jeep wrangler, and a muscle car. Also went to Final Four twice, Olympics. Football Games, concerts.

I did not have apartment as would eat into my fin money. Plus I spend 70-100
nights sleeping elsewhere.

You see me LA, Miami, Aspen, Hamptons, NYC. If anything I wish I spent more.

Having a single person live home he will just spend more.

That's because you screwed up and didn't save.

Actually, I moved out at 29 as during one of my thousands of nights out was a passenger in a car crash and won a lawsuit. Put 25 percent down on a condo and bought a Mercedes.
I actually ended up with same amount of money if saved every cent. No morale to the story.

[Anonymous]

Anonymous wrote:
This is the tragedy of late stage capitalism. If you think the “solution” is for young people who make six figures to scrimp and save for a decade in their parents basement only to be able to barely afford housing, then you don’t understand the definition of the word solution.

What you describe sounds like hell on earth. At that point what is the point of working hard at all? There’s no way to win.

Revolution becomes the only viable alternative to death.

Single 20 somethings making 100K should not need to sacrifice for ten years to afford a place to live.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
This is the tragedy of late stage capitalism. If you think the “solution” is for young people who make six figures to scrimp and save for a decade in their parents basement only to be able to barely afford housing, then you don’t understand the definition of the word solution.

What you describe sounds like hell on earth. At that point what is the point of working hard at all? There’s no way to win.

Revolution becomes the only viable alternative to death.

Single 20 somethings making 100K should not need to sacrifice for ten years to afford a place to live.

Everyone should have free housing, food, healthcare, college tuition, childcare, because it is a human right. Where does this ridiculous entitlement end. I want a Malibu beach house and it should be free because housing is a human right.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I lived at home till 29. I grew up a 25 minute train ride to Manhattan. Did I save money?

Nope. But between 23 and 29 spent 100 weekend in the Hamptons and around 12 weeks of vacation time.

Went on 20 ski trips, went on 7 spring breaks. Went on around 400 dates, went out to bars and clubs, 1,000 times, has a Jeep wrangler, and a muscle car. Also went to Final Four twice, Olympics. Football Games, concerts.

I did not have apartment as would eat into my fin money. Plus I spend 70-100
nights sleeping elsewhere.

You see me LA, Miami, Aspen, Hamptons, NYC. If anything I wish I spent more.

Having a single person live home he will just spend more.

That's because you screwed up and didn't save.

Actually, I moved out at 29 as during one of my thousands of nights out was a passenger in a car crash and won a lawsuit. Put 25 percent down on a condo and bought a Mercedes.
I actually ended up with same amount of money if saved every cent. No morale to the story.

Hahaha, I don't care if you're J1 J2 troll, "no morale [sic] to the story" is a brilliant ending.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Your "solution" to the housing crisis is for all kids to attend college, graduate and immediately make $100k, live with their parents until they are 30, and save half a million dollars?

You're a genius, OP. A real policy savant. Where should we mail your Nobel Prize?

Care to tackle peace in the middle east next? I'm sure you can come up with a solution - perhaps set a specific date and time for everyone to drop their weapons and sing Kumbaya?

There is no "housing crisis" only an entitlement mentality crisis. People seem to believe that they have a right to live wherever they want regardless of whether they can afford it. The world does not owe you anything and this mentality does nothing to help someone afford a house. The people that complain about housing affordability are the same people that pass numerous policies that actively worsen what they are complaining about, retroactive building performance/energy efficiency standards, costly building code updates, bond initiates for "affordably housing (which make housing less affordable by increasing property taxes). I don't want to hear from these people anymore. The only objective of density bros and the "housing crisis" crazies is to force everyone else to live in high density micro apartments. They are all front groups for developers and the real estate lobby and these industries will gladly destroy communities as long as it maximizes their profits

Working hard HS-----> college ------> workforce over the span of 10-15 years and wanting to afford a home (even a "regular" non-Mansion home) is not an entitlement mentality. It is what the American Dream promises and has delivered pretty reliably until recent years. Now kids work hard, or harder, and will receive/see less of a payoff in terms of home, retirement, etc. than the generations before them.

And that sucks to realize. They're angry and rightfully so. But it isn't "entitlement" so stop throwing that word around.